It’s estimated that human adults make about 35,000 decisions a day — the percentage of good decisions depends on the adult. These choices can be as banal as deciding to roll or crumple toilet paper or ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

A man went on an airplane ride. Unfortunately, he fell out. Fortunately, he had a parachute on. Unfortunately, the parachute did not open. Fortunately, there was a haystack below him, directly in the ...

Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...

Animals living in groups make movement decisions that depend, among other factors, on social interactions with other group members. Our present understanding of social rules in animal collectives is ...

“Bayesian Statistics the Fun Way: Understanding Statistics and Probability with Star Wars, Lego, and Rubber Ducks,” by Will Kurt (2019 No Starch Press) is an excellent introduction to subjects ...

When our brains don't have a good intuition for reasoning with numbers, explicit probabilistic thinking can lead to improved decision-making. A man went on an airplane ride. Unfortunately, he fell out ...